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Draft Voting Ballot December 4, 2018

U.S. STANDARD GENERAL LEDGER (USSGL)

VOTING BALLOT #18-03

The USSGL staff presented the Draft Voting Ballot #18-03 at the December 4, 2018, USSGL IRC meeting. Please 

indicate the agency’s vote by marking “yes” or “no” on the voting ballot for each proposal to revise the USSGL 

account. Provide a detailed justification for all “no” votes. USSGL Board Members will vote using Survey Monkey, or 

Fax their ballot to 304-480-5176. The Survey Monkey link will be provided to the voting USSGL IRC board members. 

Fiscal Service must receive the agency’s votes by EST. 12:00 PM December 11, 2018.

FISCAL YEAR 2018

ADD: CHANGE:

 None

DELETE: NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

None None

FISCAL YEAR 2019

ADD: CHANGE:

415730 Pg. 2 Yes ____ No ____ 221800 Pg. 2 Yes ____ No ____

439730 Pg. 2 Yes ____ No ____ 263000 Pg. 2 Yes ____ No ____

415700 Pg. 3 Yes ____ No ____

 439700 Pg. 3 Yes ____ No ____

 

DELETE: NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

None None

Name: ______________________________________________

Agency: _____________________________________________

Date: _____________________________
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Draft Voting Ballot December 4, 2018

PROPOSED NEW USSGL ACCOUNTS FOR FISCAL 2019

Account Title: Authority Made Available From Appropriations Previously Precluded From 

Obligation

Account Number: 415730

Normal Balance: Debit

Definition: The amount of budget authority that becomes available for obligation from 

appropriations (derived from the General Fund of the U.S. Government) previously 

precluded from obligation. This occurs when current-year appropriations (derived from 

the General Fund of the U.S. Government) do not cover current-year obligations or 

when certain legal requirements are met. The balance in this account closes into 

USSGL account 439730, "Appropriations Temporarily Precluded From Obligation."

Justification: This account is needed to separate amounts derived from the General Fund of the 

U.S. Government that becomes available.

Account Title: Appropriations Temporarily Precluded From Obligation

Account Number: 439730

Normal Balance: Credit

Definition: The amount of appropriations (derived from the General Fund of the U.S. Government)

that becomes unavailable for obligation until specific legal requirements are met. The 

use of this USSGL account is restricted. This account does not close at yearend.

Justification: This account is needed for appropriations derived from the General Fund of the U.S 

Government that becomes unavailable. 

PROPOSED CHANGES TO USSGL ACCOUNT FOR FISCAL 2019

Account Title: Life Insurance Benefits Due and Payable to Beneficiaries

Account Number: 221800

Normal Balance: Credit 

Definition: The amount of life insurance benefits due from the administering plans to eligible 

beneficiaries. This is not an actuarial liability. (Refer to FASAB SFFAS No. 1, "Accounting for 

Selected Assets and Liabilities," paragraph 84 51, “Insurance Programs,” paragraphs 53-64.) This 

account does not close at yearend.

Justification: This account definition needs updated to reflect new guidance from SFFAS No. 51, 

Insurance Programs, which became effective for FY19 reporting.

Account Title: Actuarial Life Insurance Liability

Account Number: 263000

Normal Balance: Credit 

Definition: The amount recorded by administering Federal agencies for the expected present value 

of future outflows to be paid to, or on behalf of, existing policy holders, less expected present value 

of future net premiums to be collected. (Refer to FASAB SFFAS No. 5, "Accounting for Liabilities 

of the Federal Government," paragraph 113. 51, “Insurance Programs,” paragraphs 53-64.) This 

account does not close at yearend.

Justification: This account definition needs updated to reflect new guidance from SFFAS No. 51, 

Insurance Programs, which became effective for FY19 reporting.
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Draft Voting Ballot December 4, 2018

Account Title: Authority Made Available From Receipt or Appropriations (special or 

trust),Balances Borrowing Authority and Contract Authority Previously Precluded From Obligation

Account Number: 415700 

Normal Balance: Debit 

Definition: The amount of budget authority that becomes available for obligation from balances of 

receipts or appropriations (derived from special or trust non-revolving fund receipts), borrowing 

authority, and contract authority previously precluded from obligation. This occurs when currentyear receipts or appropriations (derived from special or trust non-revolving fund receipts) do not 

cover current-year obligations or when certain legal requirements are met. The balance in this 

account closes into USSGL account 439700, "Receipts and Appropriations (special or trust), 

Borrowing Authority and Contract Authority Temporarily Precluded From Obligation- CurrentYear Balances."

Justification: This account is needed to separate amounts derived special or trust non-revolving 

fund receipts that becomes available.

Account Title: Appropriations (special or trust), Borrowing Authority and Contract Authority 

Temporarily Precluded From Obligation - Current-Year Balances

Account Number: 439700 

Normal Balance: Credit 

Definition: The amount of appropriations (derived from special andor trust non-revolving fund 

receipts), borrowing authority and contract authority that becomes unavailable for obligation until 

specific legal requirements are met. For example, the portion of appropriated trust fund or special or 

trust non-revolving fund receipts collected in the current fiscal year that is precluded from 

obligation at yearend because of a provision of law (such as a limitation on obligations or a benefit 

formula). For situations involving borrowing authority and contract authority, the use of this 

USSGL account is restricted. This account does not close at yearend

Justification: This account is needed for appropriations derived from special or trust non-revolving 

fund receipts that becomes unavailable.